this post was submitted on 09 Aug 2025
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Real estate agents say new seller disclosure laws are 'bottlenecking' Queensland's property market (www.abc.net.au)
submitted 1 month ago by maniacalmanicmania@aussie.zone to c/news@aussie.zone
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In short:

Real estate agents say new seller disclosure laws are "bottlenecking" property sales due to lengthy turnaround times on required documentation.

The laws allow buyers to get their entire deposit back, and even claim compensation, if the vendor fails to offer up vital information.

Antonia Mercorella from the Real Estate Institute of Queensland says the laws have created "nervousness" about last-second contract cancellations.

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[–] Longpork3@lemmy.nz 16 points 1 month ago

7 to 10 days for paperwork most people will only need a handful of times in their lifetime? Pure madness! Surely life-altering decisions need to be accommodated with next-day turnaround or better.